Annual Report And Accounts

Overview

The report describes Coats' strong 2024 performance, with revenue of $1,501m and continued growth across its divisions. It highlights SBTi approval of the company's 2050 net-zero target, a 51% reduction in absolute Scope 1 and 2 emissions from the 2022 baseline, and landfill use reduced to 288 tonnes. The company also reports achieving zero waste to landfill by the end of the fourth quarter, one year ahead of target. This was the first year that Coats' ESG metrics received public external limited assurance without qualification.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: Ends 31 December 2024
Publication date: 5 March 2025
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

SBTi status

Materiality

Assessment
Basis

Assurance

Provider
Level
Standard
Scope
Statement included
Metrics assured

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